Magiff offers franchising schemes in Saudi

Jeddah, June 27, 2013

“We are pleased to launch an innovating franchising scheme for the Saudi market that will help creating hundreds of jobs in the coming three years,” explained Naseem Ahmad Jawa, director Retail of Spret, the trading company of Magiff.

“Small and Middle enterprises would be the focal point of interest for Magiff Franchising module targeting the young generation that forms more than 70 per cent of the Kingdom’s population. We call upon all small and medium enterprises to explore the genuine opportunities in our franchising schemes.

“Saudi women's entrepreneurship potential is also another opportunity empowering local women that represent a major and relevant source to the development of franchising sector especially in the beauty sector that appeals profoundly for women,” he added.

The Saudi retail beauty sector has been witnessing one of the world’s highest growths exceeding the 30 per cent mark across all levels and outperforming the 10 per cent global level with special interest in innovative specialised products such as hand and nail care.

This entire positive outcome is also backed by the demographic and shopping trends that indicate continuous growth exceeding 20 per cent year-on-year due to a severe shortage of shopping space despite the presence of more than 60 malls in Jeddah and Riyadh alone.

In addition to conventional retail space in malls, major new additions will take place with the huge expansion plan at Jeddah airport and its duty free that will open in 2017, the expansion of Aljanadriah festival retail capability, and the all year round Umrah visa policy.

Spret Retail began operations in 2003 and is now one of the leading retailers in the GCC. Spret Retail comprises a portfolio of brands that are offered in over 70 locations across four countries. With the UAE being its central operating hub, Spret is present in all the major malls across the UAE, Oman and Bahrain.